The index of U.S. leading economic indicators (LEI) climbed more than forecast in May, showing growth will pick up in the second half of the year.

The 0.7 percent increase in the Conference Board's index, a measure of the outlook for the next three to six months, matched the April advance, the New York-based group said Thursday. The median forecast of economists in a Bloomberg survey called for a 0.4 percent gain. The back-to-back rise was the strongest since the middle of 2014.

The measure corroborates other data showing the economy is healing after backsliding in the first quarter. Faster job gains and signs of a pickup in wages will help provide additional fuel for the world's largest economy.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.